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Societies see growing support for populist politicians who advocate an end to globalization. Our behavioral economics model links impatience to voters' appraisals of an income shock due to globalization that is associated with short-run costs and delayed gains. The model shows that impatient...
Persistent link: https://www.econbiz.de/10012826005
Societies see growing support for populist politicians who advocate an end to globalization. Our behavioral economics model links impatience to voters’ appraisals of an income shock due to globalization that is associated with short-run costs and delayed gains. The model shows that impatient...
Persistent link: https://www.econbiz.de/10012258291
To what extent can increasing inequality be explained by globalization? And if there is a connection, what if anything can and should be done about it? This chapter begins with an overview of how conventional trade theory has fared in predicting changes in inequality and how it has needed to be...
Persistent link: https://www.econbiz.de/10014025325
With increasing integration and complexity in the digital markets, the absence of multilateral competition law and regulations has, to some degree, contributed to rising trade tensions among major trade partners. China's globalism, characterized by the Belt and Road Initiative (BRI), is still...
Persistent link: https://www.econbiz.de/10012847253
A country or firm's position in the value chain will largely depend on its comparative advantage, and therefore the mix of skills and resource endowments it brings to international production. For some, this might initially involve specialising in the labour intensive segments while others may...
Persistent link: https://www.econbiz.de/10011582065
Trade regulation may never have been in more flux than it is nowadays. Apart from the emergence of ‘megaregionals’ (more recently, the Regional Comprehensive Economic Partnership – RCEP, or the Comprehensive and Progressive Trans-pacific Partnership–CPTPP) and the difficulties in...
Persistent link: https://www.econbiz.de/10013306356
There is vast literature on both harmonization and globalization. Much of the extensive commentary, at least in the United States, is outward looking. It focuses on how other countries have changed, or should change, their laws and legal culture to more fully participate in the global economy...
Persistent link: https://www.econbiz.de/10014222869
Persistent link: https://www.econbiz.de/10012893221
The reorganization of the production process in the past two to three decades has led to the emergence of Global Value Chains (GVCs) where the production chain is spread across different geographies. This has in turn led to increased foreign value-added content in each country’s exports as...
Persistent link: https://www.econbiz.de/10014031344
The complexity of co-operation in cross-border competition law enforcement increased significantly between 1990 and 2011, underlining the urgency to improve techniques and tools of competition authority co-operation. As international trade has increased, the number of competition law enforcement...
Persistent link: https://www.econbiz.de/10014144808